In the foreign exchange market, the Australian dollar is currently the fifth largest currency in the world, accounting for 6% of the total trading volume, second only to the US dollar, the euro, the Japanese yen and the British pound. In 20 10, the Australian dollar officially replaced the Swiss franc as the fifth largest currency in the world. Australian dollars are used in Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Corcos (Keeling Islands) and norfolk island.
In the circulation of recent decades, the ratio of Australian dollar to US dollar reached an all-time high at 20 10 and 12. The foreign exchange rate is convertible 100 USD. Of course, the Australian dollar also has a trough. In April of 20001year, the foreign exchange rate was $47.75 per 100 Australian dollar. In 2008, it rose above 1 Australian dollar to 96 cents, and reached a record high at the end of 2008, with 98.49 cents per 1 Australian dollar. Although the Australian dollar fell sharply afterwards, it gradually picked up in 2009. In 2009, it reached a high of 1 Australian dollar against 94 cents.
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Australian dollar banknote material
Australia's new plastic banknotes have been put into use after nearly 30 years of research and development. Using polyester instead of paper is wear-resistant, not easy to break, not afraid of rubbing, long service life, strong hand feeling and good anti-counterfeiting characteristics. Since 1988 issued the world's first plastic commemorative banknote, Australia has seen the advantages of plastic banknotes, and its currency has also begun to change from paper money to plastic banknotes. Since 1992, Australia has issued a plastic banknote every year to replace the current banknote. By 1996, all plastic banknotes were issued, and Australia became the first country in the world to have a full set of plastic banknotes.
Baidu Encyclopedia-Aussie